TRANSACTION SUMMARY

On 6 November 2014, Stonehage and FF&P announced that they will merge to create Stonehage Fleming Family and Partners (SF&P).

SF&P will be the largest independent multi-family office in the EMEA region. With a combined business serving a core client base of over 250 families, SF&P will manage, advise, and/or administer over $43 billion of assets. This will include an investment business with more than $11 billion under management. SF&P will have combined revenues of approximately $160 million, and employ over 500 staff in 14 offices, across 7 countries.

STONEHAGE

Stonehage is a leading multi-family office and trusted adviser to international ultra-high net worth families.

Stonehage draws on experience honed over four decades of helping families identify and realise their strategic wealth management goals. Families call upon Stonehage’s multi-disciplinary expertise to address complex requirements that may span geographies and generations across the full spectrum of investment, business, property and lifestyle assets.

Stonehage is independently owned by management and staff, with assets under administration in excess of $35 billion (c.£22 billion). Stonehage provides a full Family Office service to over 200 major clients and offers a range of services to over 800 others. Stonehage employs over 400 people in 11 offices around the world.

FF&P

Fleming Family & Partners (FF&P) is an international multi-family office which advises wealthy individuals, families and charities on how best to grow and maintain their capital.

FF&P was established in 2000 by the Fleming family to structure and manage the family’s assets following the sale of their interest in the family-owned investment bank, Robert Fleming and Company, to Chase Manhattan bank (subsequently JP Morgan). In addition to the family assets, FF&P was set up to manage the wealth of other families, ultra-high net worth individuals, charities and endowments.

Currently FF&P works with a core group of more than 50 families and manages assets in excess of £4 billion (c.$6.5 billion).

ROLE

SHP advised on the transaction.